Definitions for "Subrogation"
Keywords:  recover, sue, pursue, recoup, succeed
The substitution of one person in the place of another as a creditor, the new creditor succeeding to the rights of the former; the mode by which a third person who pays a creditor succeeds to his rights against the debtor.
Recovery of an indemnity granted to an insured from the third party liable for the loss incurred.
Subrogation is the substitution of one lender for another. The current lender assumes the terms and conditions of the previous lender. See also assignment.
If a defaulted student loan(s) is not paid back, the U.S. Department of Education may require the loan(s) to be assigned to them for referral to the Department of Justice for litigation and/or seizure of assets.
A transfer in the ownership of a defaulted loan from a guarantor to the U.S. Department of Education. Loans to be subrogated must meet criteria established and revised annually by the U.S. Department of Education.
Keywords:  novation, yourself, debtor, try, get
When you pay off someone's debt and then try to get the money from the debtor yourself. (Compare with " Novation".)
Keywords:  subscription, agreement
Subscription Subscription agreement
Keywords:  subscribe
Keywords:  act
The act of subrogating.
Keywords:  down, place, another
10.289.7 down Put in place of another
S * U B/ R O G/ A EU G S